If you’re a first-time home buyer, you might not know exactly what to look for when considering a home. From the house itself to the financial terms of the purchase, there are a lot of new terms to learn.
When you’re trying to purchase your first home, saving up for a down payment can be a long, difficult process. And it can be confusing; while one financial expert may recommend a certain percentage amount, another expert might disagree.
Every family wants to own a home, but with flat wages and rising real estate prices, more people are starting to believe renting a home is the wiser choice. But is a home purchase really beyond your reach? If you take a hard look at your finances, you may find that mortgage payments would be about the same amount as paying monthly rent, and you get more for your money.
Home ownership is still a core part of the American Dream. In many ways, home ownership provides a degree of financial security. A home is an asset that tends to increase in value, which means that if you buy today, your property could be worth substantially more tomorrow. However, actually buying a home can be frightening, especially for first-time home buyers.
Every family dreams of owning their own home, but saving the money you need for a down payment can feel daunting. However, you may not need as much money as you think, and with the right financial planning, you can build up enough savings for the down payment you need.
Deciding to remodel your home can be a massive undertaking. But because of the benefits it provides, more and more Americans are renovating their homes. In 2017, homeowners were expected to invest upwards of $316 billion in home remodeling, compared to the $296 billion they invested in 2016, according to the Wall Street Journal.